Credicorp

Credicorp Ltd. operates as a holding company, which engages in the provision of financial services. It operates through the following segments: Universal Banking; Microfinance; Insurance and Pensions; and Investment Banking and Wealth Management. The Universal Banking segment focuses on lending and investment services. The Microfinance segment consists of subsidiaries offering commercial banking activities and specialized financial services to support small and micro business clients. The Insurance and Pensions segment offers insurance products for property and casualty, life insurance business, and corporate health insurance and medical services. The Investment Banking and Wealth Management segment comprises of asset management, capital markets, corporate finance, and wealth management business units. The company was founded on August 17, 1995 and is headquartered in Lima, Peru.

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Credicorp reports strong Q4 earnings, eyes digital transformation for growth

Credicorp's Q4 performance showcased robust net income growth and a focus on sustainability and inclusion amidst challenges in asset quality.
The company aims for digital transformation and higher ROE in 2023, despite concerns over expenses and macroeconomic uncertainties.
Mibanco's risk management strategies and NIM expansion plans offer opportunities for growth and efficiency improvements.
Overall, Credicorp navigates through challenges with a strategic outlook towards sustainable growth and digital innovation.

Credicorp reports robust Q1 earnings amidst economic challenges in Peru

Credicorp navigated challenges in Peru's economy to achieve strong financial performance, focusing on stakeholder value and sustainability.
Despite facing profitability challenges in certain segments, the company demonstrated resilience and strategic planning for future growth opportunities.
Maintaining asset quality and cost of risk within guidance, while exploring inorganic growth and focusing on stable businesses, positions Credicorp for long-term success.
With a cautious outlook on certain markets, the company remains optimistic about growth opportunities and the expansion of its payment network functionalities.

Credicorp reports strong Q2 earnings, faces asset quality challenges

Credicorp's Q2 performance showed resilience amidst challenges, with a focus on retail expansion and noninterest income growth. The company faces challenges from deteriorating asset quality and higher cost of risk, but sees opportunities in Yape's growth and strategic business plans.

Credicorp resilient in face of challenges, Yape's growth accelerates

Credicorp and Yape demonstrated growth amidst economic challenges, with a focus on innovation and resilience. Yape's success in user acquisition and market share expansion is a key driver of future revenue.

Credicorp reports resilient 2023 performance, eyes growth in 2024

Credicorp navigated challenges well in 2023, focusing on digital capabilities and customer loyalty. Strong performance in Universal Banking and Insurance segments. Addressing cost-to-income ratio challenges with a focus on efficiency. Positioned for growth in 2024 with opportunities in macroeconomic improvements and digital initiatives.

Credicorp reports robust Q1 performance, eyes digital innovation for growth

Credicorp maintains strong financial performance amidst economic challenges. Emphasis on innovation and digital capabilities for client relationships. Challenges include NPLs increase and rising operating expenses.

Credicorp reports solid Q2 earnings, eyes dividend distribution and growth

Credicorp's Q2 performance reflects resilience and strategic initiatives positioning for 2024 ROE guidance.
Despite challenges, the company remains confident in its hybrid business models and realigning risk capabilities.
Focus on digital advancements, customer-centric growth, and stable economic outlook in Peru support long-term ROE targets.

Credicorp reports record earnings, eyes growth through diversification and digital transformation

Credicorp's strong performance in Q3 2024 driven by record bottom line and robust ROE across business segments.
Strategic focus on diversification, cybersecurity, and digital transformation to capitalize on growth opportunities.
Challenges include managing interest rate risks, capital deployment, and maintaining asset quality amidst economic uncertainties.

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Investors interested in Banks - Foreign stocks are likely familiar with Credicorp (BAP) and DBS Group Holdings Ltd (DBSDY). But which of these two stocks is more attractive to value investors?

BAP vs. DBSDY: Which Stock Should Value Investors Buy Now?

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BAP or RY: Which Is the Better Value Stock Right Now?

Credicorp Ltd. (NYSE:BAP ) Q1 2024 Results Conference Call May 10, 2024 10:30 AM ET Company Participants Milagros Ciguenas - IRO Gianfranco Ferrari - CEO Cesar Rios - CFO Alejandro Perez-Reyes - COO Francesca Raffo - Chief Innovation Officer Reynaldo Llosa - Chief Risk Officer Cesar Rivera - Head of Insurance and Pension Carlos Otello - Mibanco, CFO Diego Cavero - Head of Universal Banking Conference Call Participants Ernesto Gabilondo - Bank of America Renato Meloni - Autonomous Thiago Batista - UBS Tito Labarta - Goldman Sachs Yuri Fernandes - JP Morgan Carlos Gomez Lopez - HSBC Andres Soto - Santander Alonso Aramburu - BTG Pactual Operator Good morning, everyone.

Credicorp Ltd. (BAP) Q1 2024 Earnings Call Transcript

Lima, April 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, April 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 1Q24 Earnings Release Report will be released on Thursday, May 9th, 2024, after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 1Q24

Lima, April 25, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, April 25th, 2024 -- Credicorp Ltd. (“Credicorp” or the “Company”) (NYSE: BAP | BVL: BAP), the leading financial services holding company in Peru with presence in Chile, Colombia, Bolivia and Panama today announces to its shareholders and the market that the Board of Directors declared a dividend of S/35.0 per share on the issued shares of the common stock of Credicorp, an increase from the prior annual dividend of S/25.0 per share.  The cash dividend will be paid out on June 14th, 2024, without withholding tax at source, to shareholders of record on May 20th, 2024.

Credicorp Ltd.: Credicorp Raises Annual Dividend 40% to S/35.0 per Share

Lima, April 18, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, April 18th, 2024 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 1Q24's earnings release on April 25th. This period will end on the date of the release, May 9th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp's “1Q24 quiet period”

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After a volatile 2023, Credicorp looks poised to turn the page this year. Management has kept the bar manageable, so there's room for more beats and raises. Credicorp's equity valuation may also be higher now, but is by no means detached from its fundamentals.

Credicorp: No Stopping Peru's Financial Champion Into 2024

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Credicorp Ltd. (BAP) Q4 2023 Earnings Call Transcript

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Credicorp (BAP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Analysts Estimate Credicorp (BAP) to Report a Decline in Earnings: What to Look Out for

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Lima, Jan. 26, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, January 26th, 2024 – Credicorp Ltd. announces to its shareholders and the market that its 4Q23 Earnings Release Report will be released on Thursday, February 8th, 2024, after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 4Q23

Lima, Jan. 18, 2024 (GLOBE NEWSWIRE) -- Lima, PERU, January 18th, 2024 -- Credicorp (NYSE: BAP) announces that in accordance with its corporate disclosure policies and to prevent any leaks of financial results and ensure fairness, the Company will start the quiet period for 4Q23's earnings release on January 25th. This period will end on the date of the release, February 8th. During the quiet period, the Company will not disclose any financial information, comment on financial results, or respond to related questions.

Credicorp Ltd.: Credicorp's “4Q23 quiet period”

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Cesar Ríos Briceño appointed Chief Risk Officer, Credicorp and BCP Alejandro Pérez-Reyes Zarak as Chief Financial Officer, Credicorp and BCP André Rezende, Chief Technology Officer, Credicorp to Report to Chief Executive Officer Michelle Labarthe Wiese appointed to newly created role of Chief Strategy Officer, Credicorp Cesar Ríos Briceño appointed Chief Risk Officer, Credicorp and BCP Alejandro Pérez-Reyes Zarak as Chief Financial Officer, Credicorp and BCP André Rezende, Chief Technology Officer, Credicorp to Report to Chief Executive Officer Michelle Labarthe Wiese appointed to newly created role of Chief Strategy Officer, Credicorp

Credicorp LTD.: Credicorp Announces Executive Leadership Changes Effective July 1, 2024

Builds on Credicorp's Environmental Commitment to Being a Local Leader in Supporting the Transition Towards an Environmentally Sustainable Economy Builds on Credicorp's Environmental Commitment to Being a Local Leader in Supporting the Transition Towards an Environmentally Sustainable Economy

Credicorp Ltd.: Credicorp Publishes Inaugural Task Force on Climate-Related Financial Disclosures (TCFD) Report

Lima, Dec. 06, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, December 6th, 2023 – Credicorp Ltd. announces to its shareholders and the market the schedule defined for the issuing of 2024 Quarterly Earnings Releases.

Credicorp Ltd.: Credicorp's 2024 Quarterly Earnings Releases

Credicorp is going through a bad patch right now, no thanks to a worse-than-expected El Nino. While near-term results will be impacted, the mid to long-term earnings growth potential remains intact. There's also plenty of capital buffer to withstand any asset quality issues ahead.

Credicorp: Looking Through The Near-Term Headwinds

Credicorp Ltd. (NYSE:BAP ) Q3 2023 Earnings Conference Call November 3, 2023 10:30 AM ET Company Participants Milagros Ciguenas - IRO Cesar Rios - CFO Raimundo Morales - CEO, Yape Reynaldo Llosa - Chief Risk Officer Conference Call Participants Tito Labarta - Goldman Sachs Ernesto Gabilondo - Bank of America Merrill Lynch Geoffrey Elliott - Autonomous Research Thiago Batista - UBS Yuri Fernandes - JPMorgan Sergey Dubin - HL Carlos Gomez - HSBC Andres Soto - Santander Operator Good morning everyone.

Credicorp Ltd. (BAP) Q3 2023 Earnings Conference Call Transcript

Lima, Oct. 20, 2023 (GLOBE NEWSWIRE) -- Lima, PERU, October 20th, 2023 – Credicorp Ltd. announces to its shareholders and the market that its 3Q23 Earnings Release Report will be released on Thursday, November 2nd, 2023, after market close.

Credicorp Ltd.: Credicorp's Earnings Release and Conference Call 3Q23

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News for Credicorp Stock (BAP)